Lifestyle

What is the cost of living in Mumbai?

[ecis2016.org] We try to gauge cost of living in Mumbai to have a decent living experience as Mumbai is one of the costliest cities in India and the world

Depending upon your lifestyle and standard of living, Mumbai can be one of the costliest cities, to live in India. The cost of living in Mumbai per month can differ for students, couples, families and bachelors, depending upon one’s spending habit, type of home ownership and commuting patterns. To give you a general idea, ecis2016.org News compiles a detailed list of expenses that you may incur for various things, including food, commute, lodging, etc that will contribute to your cost of living in Mumbai per month.

You are reading: What is the cost of living in Mumbai?

What is the cost of living in Mumbai?

Cost of living in Mumbai

To analyse the cost of living in Mumbai, we estimated various types of expenditure that a family has to bear to live in the city. The below evaluation is on the basis of cost of owning/renting a home, commuting, cost of eating out, electricity bill, internet expenses, cost of schooling, car fuel and bare minimum cost of buying fruits and vegetables.

To analyse the cost of living in Mumbai, we estimated various types of expenditure that a family has to bear to live in the city. The below evaluation of cost of living in Mumbai per month is on the basis of cost of owning/renting a home, commuting, cost of eating out, electricity bill, internet expenses, cost of schooling, car fuel and bare minimum cost of buying fruits and vegetables.

Type of expense Average cost
Meal for two, in an average restaurant Rs 1,750
Monthly pass for local transport Rs 350
Taxi fare (per km) Rs 25
Car fuel Rs 105.33
Electricity bill (basic utility- electricity, cooling, heating) for an 850-sq ft apartment Rs 4,026.31
Broadband (average speed of 60 MBPS) Rs 791.38
Monthly gym membership Rs 2,123.09
Yearly school fee (primary) Rs 238,488.37
Rent of 1BHK Rs 25,000 – Rs 35,000
Cost of 1BHK Rs 1.5 crores – Rs 2 crores
Fruit (1kg) Rs 150
Vegetables (Potato, onion, lettuce) Rs 100

Source: Numbeo.com

Cost of living in Mumbai: India’s most expensive city

According to Mercer’s 2021 Cost of Living Survey, Mumbai remains the most expensive city for expats in India and among the top 20 in Asia. However, Mumbai cost of living slipped to the 78th position, this year. After Mumbai, which dropped from 60th to 78th, New Delhi dropped 16 places this year and Chennai was down 15 places. Bengaluru gained one place while Kolkata gained four spots

Cost of living in Mumbai for a bachelor

Average rent in Mumbai and buying price: If you are a bachelor, you can opt for co-living spaces in Mumbai, which would cost you Rs 10,000-20,000 per bed, depending upon the facilities available and location. Living expenses in Mumbai could go up to Rs 30,000 per month if you are opting for a meal facility.

Household cost: Since most of the facilities and amenities are included in co-living accommodations, you will not have to pay additional charges, such as maintenance, electricity or Wi-Fi bills, when it comes to cost of living in mumbai for a bachelor. However, if you are opting for an independent living option, you may have to shell out Rs 5,000 per month extra, to meet the additional Mumbai living cost.

Transportation cost: Mumbai is well connected via the local train network and BEST buses. A monthly pass would vary between Rs 300 and Rs 700, according to the comfort you seek (AC/Non-AC) and the distance you travel each day.

Lifestyle cost: Depending upon how frequently you go out, the living cost in Mumbai may vary accordingly. A movie ticket costs Rs 300 per person while eating out in a budget hotel may cost Rs 300 – Rs 500 per person.

Average rent for bachelors Rs 10,000 – Rs 20,000 per month
Household cost Rs 5,000 per month
Transportation cost Rs 300 – Rs 700 per month
Lifestyle cost Rs 2,000 – Rs 4,000 per month

Cost of living in Mumbai for a family with children

Average rent in Mumbai and buying price: If you want to rent a 2BHK apartment in Mumbai, a little away from the city center or in the suburbs, you have to spend around Rs 40,000-50,000 per month. Thane and Navi Mumbai are two distant suburbs of Mumbai where property prices are affordable but you would have to spend more on commuting -living cost in Mumbai. If you want to buy a 2BHK apartment in Mumbai in the western suburbs, you need to spend at least Rs 2.5 crores.

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Household cost: A household which includes a working couple and a child, will have expenses such as food, clothing, school fees, maid salary, maintenance charges and other lifestyle-related expenditure. This could vary between Rs 25,000 and Rs 30,000, depending upon various factors. For childcare services, you would have to spend on full-time daycare or nannies, if your child is in pre-school. This may cost you around Rs 5,000-10,000 per month, depending upon the quality of the services. An international primary school will cost you around Rs 1.5 lakhs – Rs 4 lakhs per year adding to your cost of living.

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Transportation cost: If you travel in a private vehicle, you might need to spend on car fuel which could be anywhere between Rs 5,000 and Rs 6,000 per month, depending upon the distance you travel. You will have to spend on parking charges as well, if your office or society does not have free parking.

Average rent in Mumbai for family Rs 40,000 – Rs 50,000 per month
Household cost Rs 25,000 per month
Transportation cost Up to Rs 20,000 per month

Cost of living in Mumbai for couples

Average rent in Mumbai and buying price: If you are looking to rent a 1BHK apartment in Mumbai, you may need to shell out Rs 30,000-60,000 per month, depending upon the property size, location, housing society, property type and amenities available. If you wish to buy a 1BHK property in Mumbai, it will cost you around Rs 80 lakhs – Rs 1.5 crores, depending upon the location and quality of construction. You may need to shell out more, if you want to stay closer to the city.

Household cost: The usual cost will include maintenance charges, cook/maid salary, electricity and Wi-Fi bill, etc. This will not exceed Rs 15,000, depending upon the housing society, number of appliances and other factors.

Transportation: If you commute via public transport system, the expenses might vary between Rs 1,000 and Rs 2,000, depending upon the comfort you opt for. If you own one vehicle, the fuel cost will be around Rs 5,000 – Rs 6,000. If you use two vehicles, the transportation cost will include additional car parking charges, cleaning cost and car maintenance cost, along with fuel charges, which will add up to Rs 20,000 a month.

Average rent for family Rs 30,000 – Rs 60,000 per month
Household cost Rs 15,000 per month
Transportation cost Up to Rs 20,000 per month

Mumbai cost of living: Where do students stay ?

Mumbai is an expensive destination and finding a well-connected locality can be difficult for students. However, there are a few localities where students can find affordable options, including rented apartments and PG and shared accommodations.

Locality Average rent in Mumbai per month
Parel / Lower Parel Rs 18,000
Navi Mumbai Rs 20,000
Thane Rs 18,000
Chembur Rs 12,000
Powai Rs 20,000

Source: ecis2016.org

Mumbai cost of living: Property prices

Configuration Average rent  in Mumbai(in western suburbs) Average property price (in western suburbs)
1BHK Rs 30,000 Rs 1.5 crores
2BHK Rs 50,000 Rs 2.5 crores
3BHK Rs 80,000 Rs 4 crores

Source: ecis2016.org

Average salary in Mumbai

Depending upon the industry and position, the average salary in Mumbai can vary as per one’s skills and location. According to LinkedIn, a social network for professionals, the average salary in Mumbai is Rs 4.4 lakh per annum. This average salary in Mumbai can go up to Rs 8.5 lakh.

Mumbai cost of living: Average salary in Mumbai as per industry

Industry Average salary per annum
Finance Rs 7.1 lakhs
Energy and mining Rs 6.5 lakhs
Recreation and travel Rs 6.3 lakhs
Entertainment Rs 6 lakhs
Transportation and logistics Rs 5.5 lakhs

Source: LinkedIn

Average salary as per field of study

Field of study Average salary per annum
Civil engineering Rs 5.9 lakhs
Mathematics Rs 5.8 lakhs
Electronics Rs 5.4 lakhs
Electrical engineering Rs 5.3 lakhs
Computer programming Rs 5.2 lakhs

Source: LinkedIn

Also read all about the best IT companies in Mumbai

Mumbai cost of living: Healthcare

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In a recently released report, titled ‘State of Healthcare in India’ by ecis2016.org, the Mumbai Metropolitan stood fourth with parameters such as the number of beds, air quality and liveability pulling its overall score down. Below are the findings shared by Numbeo.com on the state of healthcare in Mumbai.

Component of healthcare surveyed Satisfaction %
Skill and competency of medical staff 72.36 High
Speed in completing examination and reports 71.57 High
Equipment for modern diagnosis and treatment 73.23 High
Accuracy and completeness in filling out reports 71.22 High
Friendliness and courtesy of the staff 64.06 High
Satisfaction with responsiveness (waitings) in medical institutions 53.98 Moderate
Satisfaction with cost to you 56.18 Moderate
Convenience of location for you 73.85 High

Source: Numbeo

Mumbai cost of living: Is rent expensive here?

The cost of renting a home in Mumbai will vary from one locality to another. There is a wide range of options available for home seekers. The average rent per month in localities such as Thane and Navi Mumbai can be quite affordable, ranging between Rs 7000 and Rs 15,000. However, the rent in expensive localities like Juhu, south Mumbai, etc., can be around Rs 50,000 to above Rs 1 lakh, depending on the location.

Cost of living in Mumbai: Is it worth?

It depends on your outlook and the lifestyle you seek. Mumbai is certainly one of the most expensive cities in India to live in and to attain a decent quality life, you may have to earn a higher package as compared to what you will need in other cities. With that being said, Mumbai has a lot of opportunities and the starting salaries are also comparatively higher than any other city. Moreover, the city has a decent green cover, open spaces and a strong public transportation system. With remote working in place, you will be able to save a lot of time. Regions like Navi Mumbai and Thane offer a better quality of life, owing to more open spaces and greenery and less congested roads than Mumbai. Ultimately, it depends on your job and the salary you are earning.

List of affordable areas in Mumbai

For buying:

Areaa Average property price (per sq ft)
Mira Road east Rs 8,521
Thane west Rs 13,342
Ulwe Rs 6,463
Virar west Rs 5,502
Kharghar Rs 7,666
Dombivali east Rs 6,163
Andheri west Rs 24,045
Kalyan west Rs 6,892
Chembur Rs 22,936
Borivali west Rs 21,712

Source: ecis2016.org

For renting:

Area Average rent
Thane west Rs 12,379
Andheri east Rs 24,701
Chembur Rs 23,716
Andheri west Rs 29,054
Kharghar Rs 10,293

Source: ecis2016.org

List of posh areas in Mumbai

Area Average property price (per sq ft) Average rent per month
Malabar Hill Rs 51,480 Rs 4.5 lakhs
Cuffe Parade Rs 48,750 Rs 3 lakhs
Tardeo Rs 47,786 Rs 2.5 lakhs
Juhu Rs 44,442 Rs 1.75 lakhs
Bandra west Rs 42,691 Rs 95,000
Worli Rs 37,013 Rs 80,000

Source: ecis2016.org

Cost of living in Mumbai: Summary

As per the data available with Numbeo, the following points can be used to summarise the cost of living in Mumbai:

  • For a family of four, the  estimated cost of living in Mumbai per month are Rs 1 lakh approximately, without rent.
  • For a single person, the estimated monthly costs are Rs 30,000 without rent.
  • The cost of living in Mumbai is 8% more than the cost of living in Delhi. In terms of housing, house rent in Mumbai is 136% higher than in Delhi, as per Numbeo data.

FAQs 

What is the average salary in Mumbai?

The average salary is Rs 9 lakhs per annum, which may vary as per experience, role and organisation.

What should be the minimum salary to live in Mumbai?

Depending upon the lifestyle, the average salary should be Rs 40,000 per month.

What salary is needed to live comfortably in Mumbai?

Depending upon the standard of living, your average salary should be Rs 40,000 – Rs 60,000 per month.

Is Mumbai expensive?

Mumbai is among the most expensive cities in Asia.

How can I survive alone in Mumbai?

If you are a working professional or a student living alone in Mumbai, renting out an apartment can be quite expensive, especially for first timers. Consider living in a shared accommodation in the city with a few friends. Make sure you choose a home that is close to your workplace or educational institute. The local trains in the city provide an affordable travel option.

Is Mumbai Good for expats?

Mumbai is the most expensive city for expats in India and among the top 20 in Asia, according to Mercer’s 2021 Cost of Living Survey. The financial capital of India is a preferred destination for many expats, given the best healthcare facilities, well-developed infrastructure and its cosmopolitan culture.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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